Norwich’s Castle Quarter shopping centre has been sold to new owners.
Private clients of asset manager Maritime Capital, an asset management business based in Richmond, London, have purchased the centre for an undisclosed figure.
Castle Quarter was first listed on the market for £23.55m in October 2024.
Family-run business Maritime Capital was founded by Toby Hunter and Max Hunter in 2013 and has transacted more than £1.5bn in property investments over the past 13 years.
“We chose to purchase Castle Quarter because it has so much potential,” said Max, head of asset management at Maritime Capital.
“We were very impressed by the transformation that the centre has undertaken over the past five or so years, moving from a traditional shopping centre with a leisure element, to now being a vibrant and growing social, leisure and lifestyle destination.
“But there is still so much to be done to ensure that Castle Quarter is the first place people think about when planning a daytime trip into Norwich or an evening out.
“Our plan is to bring in even more entertainment brands to cement Castle Quarter’s position as the number one leisure venue in Norfolk.”
Castle Quarter opened in 1993 as Castle Mall, Norwich’s first indoor shopping mall.
It was rebranded as Castle Quarter in 2019 and is now home to 75 retail and leisure outlets, anchored by major tenants such as TK Maxx, Vue cinema and Boots.
Rob Bradley, Castle Quarter centre manager, said: “We are delighted that Maritime Capital have confirmed that they are firmly behind our approach to creating events and initiatives that are accessible for everyone, including making space available in the centre for charities and community groups.
“We are looking forward to creating even more reasons for people to visit Castle Quarter over the next 12 months.”
Castle Quarter attracts an average footfall of 7.4m people each year.
Spanning more than 385,000 sq ft across five levels, it generates a net operating income of £2.5m a year.
The centre was marketed by estate agents Savills on behalf of receiver Jemma McAndrew.
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